The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1887-01-17

Q the man who holds the shade 20 t;.Io 70
J the property, not tho man who o,ds tho
D real title and the real owner is nc do
: ceived. Again firms, like c. ID. Thos,O g
= Co., have heavy marine risks, and give me-
!, In payment of all Premiums over So Losst>
n are met with and they not only cannot re-
cover their money from tne,worthless COM
panies, but the notes have been Sid to third
* parties The cutting Of tariff notes, lad the
big commissions account for a great deitfat
D. this underground insurance being taken
lily All the policies are written out Of the Stat
as and when such insurance is applied for, til
"papers" are sent for. 1t is claimed tina
from 100000 to $4,000 of property burne
as at PASSPORT was insured in these companie
The On December 9th, the Board OF Portlan
&c. Fire Underwriters met and suspended Cha
v A. Sparrow agent of the Sun, Sterling ar
Manufacturers and Builders companies, al
ub- made formal complaint against him, to Il
,le Insurance Commissioner of handling y
re- Underground" insurance. The commissy,
- reported the charges to the county affom
Mr.. Seiders. Mr.. Sparrow requesss ana
the Board the withdrawal of the . Board.
his reinstatement as member voted to
A meeting was held and 1.-THE matter
uSr withdraw the charges and 'eeting The
for of reinstatement to l@.he didn't see |
,i AZ. commissioner, howeverosecutlon of Mr.. |
Esd lhow ne could stop Hdenied acting for |
ufL. 0pss>>-w. Mr--<r5dpany and courted an |
, en- any undesGrouby-laws of the Board of |
hch investigation. hat any member yiolat- |
underwrtersbe suspended for the first
:. ing the tariffms of Rollins & Adams
ents onense. MIR. Sparrow found that agents
null sald that Nes from him in companies nat |
I'M im- mad Undesirable he went to them and
the consldee premiums or protected them
l lrta paid bdcies.
I'm, W ~ afternoon, at meeting of the
the oa Underwriters, Messrs. Adams.
BON d Dow were appointed commit
meet Mr.. Sparrow and investigate the
les against him. Mr.. Sparrow vonld
n onfer with this committee but sent in
br Of resignation. This resignation tho
itch ard refused to accept. saving that he ,vos
der suspension Mr.. Sparrow claims that
ply mas right to resign under any circum-
sances.
q MIR. Charles A. Sparrow was asked yester-
DAY concerning this alleged underground"
insurance with which his name has been
connected. He said that he was not the on
~ agent who had placed insurance in the
companies which had not been admitted TO
90 business in this State. He said he could
give the names of some agents in this yicini-
W who had written policies in these comma
MES. He could give the names of the mar
ties to whom such policies were issued and
also descriptions of the property so insured |
the amount OF the assurance premiums. rate
per cent aud the dates when placed He
tnen referred to record book and enumera- Z
ted policies which each Of the following
nrms had procured, two in each cases. adj
ding that some of them had procured many
more than two 1
JOHN E. DOW, PORTLAND.
Policy for G. K. Dole on estate of g. Soule I
"a anglo American Insurance Company of {
Washington for $1,000 at per cent premfnm' !
SI1, on saw mill, etc, at Stark, n H.; an,
Amlcable Insurance Company of England. !
SlQoo at per cent premium, $40, on saw mill \
at Stark, n. H., both of these policies were :
dated April %, 1885. Z
WARREN SPARROW & CO., PORTLAND.
Policy for Isaac Emery, on lumber in !
nnolulness, n: H., In the Amicable Insurance
May1, 1885; the second Is on lumber at Ber- t
lin Mills, NH, in the Anglo-American v
$1,000 at "a per cent, sos, dated May Is 1885.
J. W. MUNGER co.. PORTLAND h
Policy for E. P. Mattocks, trustee, in the j
AadnagSlso-American,. $500. at 81 per cent, t
May %. 1885; the second was a policy for I
Newell Hicks in the Fargo Insurance Co. u
"a Fargo, Oak, $500 at per cent, SO. on 4
nay at West Cumberland, dated Oct. Ii. 1856. b
PALMER q ANDERSON.
Policy for.H. III. Kurdish ct ais. in the =
AZ gHl american 5000 at per cent, $40 h
Sept. 2, 1885; the second was a policy for o
.he Forest Fibre Co., in same comnanv c,
81, 900 at per cent, $40. on buildings etc. 81
1t Berlin, n. H., dated Sept. 2 1885 =
ROLLINS & ADAMS.
Policy for Charles r. Milliken, $500 at
known as the Glen House at Green's Grant.
n. T., Sept 8, 1885; the second was o policy d
for Charles r. Milliken in the Anglo Amer p
can for $1,000 at; II per cent, sl5., on car o
rage mouse at Goodman's Grant, N. H.,
lated Sept. 5, 1885. o
DOW. COFFIN LIBBY. 9
Policy for George +. Calef in Anglo Amer
lean Of Washington, s., 800 at 2 per cent,
onbuildings, ETC., at Ferry Beach Park
dated Aug Is, 1885; the second is a policy
Tor Woodward g. Lester in Anglo American o
Aug %, 1885. e'o'' AZ l,oipon' w. aa'eo n
r. d. CLARK, PASSPORT. h
Policy for Charles o'Nein in the Amicable f
Insurance Company of England. S20G0 at h
per ee Ias 800 on stock at Eastport dated
anglo American written by this agent sp- d
pear Another was policy for Margaret | h
Peabody in the Home Insurance Com Y
ppaany OF New Orleans, 81, 900 at per cent, :,
S30 on building at PASSPORT Me-, dated II
July IL, 1886.
o. Z. GURNEY, CANTON, MAINE. t
Policy for Samuel j. Record ct ais, in the
anglo American, $500 at per cent. As. on
building in Auburn, Me-, dated Feb. 3, 1856;
number OF other policies written by this h
reared upon the books which Mr.. Sparrow 4
onsulted. Among them is mentioned q al
'olicy for John NJ Stevens, $500 at per h
ent, on dwelling at Canton, Me-, dated r.
April 10, 1886. "
GRIFFIN & WENTWORTH, sKowHEGAN. % ?,
Policy for Keene Rros shoe manufactur u
rs, in the Anglo American, $500. at per "
ent, S15, on stock at Skowhegan, Me-, dated Il
Dot: 10, 1885; tie other was policy for i. n
!, !. Newton. in the Anglo American, $3.50, at .
per cent premium, S1275, on dwelling at
ackmantown, dated Aug. 10, 1885, sc
MILLIKEN CAMPBELL, CHERRYFIELp. as
Policy for Simpson g. Young. in the Far
o, Of Fargo, OAK, $1,000, at per cent, S4Ol
$780, S'p'' . p
SMITH, TIBBETTs & HAsTY, BIDDEFoRD. m
Policy for r. W. Lord & Co., in the Hope w,
insurance Company Of New York, $1,000, at III
per cent, $40, on building at Kennebunk, "A
[e.. dated Oct. %. 1885 another case of CT
leirs is policy for Garvin Bros, in the al
nglo American, $500, at per cent, $40, on III
mill building at shapleigh, Me-, dated s ."
une /, 1885, 1e
All the Portland agents, named in the fore
ping list are members of the Board of Un-
erwriters. VT,
In regard to charges against any of his an
'llow agents In this city respecting the cut Dr.
ng OF rates or other infractions of the laws III,
me Board of Underwriters, Mr. Sparrow ior
80 nothing to say. as he processes to be no KIN
niger member of the board nm
MI Adams, OF the firm Of Rollins & tai
dams' stated that he procured two policies
ON Y. A. sparrow two years ago at the
quest Of Mr. Milliken for the Glen House
New Hamnehira IL |